APG Asset Management N.V. Has $32.68 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

APG Asset Management N.V. lifted its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 523.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,489 shares of the real estate investment trust's stock after acquiring an additional 164,948 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Simon Property Group worth $32,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPG. Hopwood Financial Services Inc. acquired a new stake in Simon Property Group in the 4th quarter worth $28,000. WR Wealth Planners LLC grew its position in Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after buying an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in Simon Property Group during the fourth quarter valued at about $30,000. Caisse Des Depots ET Consignations acquired a new position in Simon Property Group in the 4th quarter valued at approximately $31,000. Finally, TCTC Holdings LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth approximately $34,000. Institutional investors own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPG. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 target price for the company. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective on the stock in a report on Wednesday, April 9th. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and upped their price target for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $181.39.

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Simon Property Group Stock Performance

Shares of SPG stock traded up $2.51 on Monday, reaching $150.71. The stock had a trading volume of 274,963 shares, compared to its average volume of 1,680,984. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. The firm has a market capitalization of $49.17 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 10.10 and a beta of 1.45. The firm's 50-day moving average is $170.08 and its two-hundred day moving average is $173.30. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is currently 115.70%.

About Simon Property Group

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.